Zijin Mining Group Co (SHSE:601899) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Zijin Mining Group Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Zijin Mining Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Zijin Mining Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.29). It may suggest that Zijin Mining Group Co is progressively becoming less dependent on debt to grow their business.

Zijin Mining Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zijin Mining Group Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zijin Mining Group Co LT-Debt-to-Total-Asset Chart

Zijin Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.21

0.24

0.30

Zijin Mining Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.30	0.29	0.30	0.29

Zijin Mining Group Co LT-Debt-to-Total-Asset Calculation

Zijin Mining Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	101836.193	/	343005.706
	=	0.30

Zijin Mining Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	101764.411	/	355906.654
	=	0.29

Zijin Mining Group Co (SHSE:601899) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Zijin Mining Group Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Zijin Mining Group Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Zijin Mining Group Co (SHSE:601899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zijin Mining Group Co Ltd (SHSE:601899) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZIJMY:USA ZIJMF:USA 02899:Hong Kong FJZ:Germany

Address

No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200

Website

https://www.zjky.cn

Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

Executives

Wu Hong Hui	senior management
Long Yi	senior management
Que Chao Yang	senior management
Chen Jing He	Director
Zheng You Cheng	senior management
Xie Xiong Hui	Director
Lin Hong Ying	Director
Shen Shao Yang	senior management
Jiang Kai Xi	senior management
Lan Fu Sheng	Director
Lin Hong Fu	Director
Zou Lai Chang	Director
Guo Xian Jian	senior management
Liu Wen Hong	Supervisors
Liu Qiang	senior management

Zijin Mining Group Co (SHSE:601899) Headlines

No Headlines